Social engineering in crypto, explained
In the world of cryptocurrency, security goes beyond just protecting your wallet with a password or private key. One of the most deceptive and increasingly dangerous threats to crypto users today is social engineering.
While you might think of cyberattacks as highly technical affairs, social engineering manipulates the most vulnerable aspect of security: human nature.
At its core, social engineering refers to the act of manipulating people into divulging confidential information or granting unauthorized access to systems.
Unlike traditional hacking, which typically exploits technological vulnerabilities, social engineering targets the human element. Attackers rely on deception, psychological manipulation and trust-building tactics to deceive their victims. By exploiting psychological weaknesses, attackers can trick individuals into giving up their private information, credentials or funds.
In the world of crypto, this kind of manipulation is especially dangerous because transactions are irreversible, and the decentralized nature